Greensboro Deal Analysis
Let's look at deal analysis for Greensboro, NC and for 
15 Buy 10 Nomads™ with 10% Higher Rents.
The analysis is based on The World's Greatest Real Estate Deal Analysis Spreadsheet™ (shown above)... a free spreadsheet download you can use to analyze your own deals.
Typical Greensboro, North Carolina Nomad™ Property with 10% Higher Rents
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Typical Greensboro, North Carolina Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
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Percents
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Dollars/#
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|
ARV
|
|
$212,771
|
|
Purchase Price
|
|
$212,771
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$10,639
|
|
Closing Costs
|
1.000%
|
$2,128
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$2,454
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|
Total Invested
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$15,220
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Mortgage
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|
Mortgage Amount
|
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$202,132.45
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
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0.850%
|
$143.18
|
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Drop PMI LTV
|
80.000%
|
|
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Income
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|
Monthly Rent
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|
$1,848
$1848.00
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Other Income
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|
$0
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Annual Expenses
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Vacancy Rate
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3.000%
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$665
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Property Taxes
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1.241%
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$2,640
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Property Insurance
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0.484%
|
$1,030
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
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|
$0
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Maintenance
|
10.000%
|
|
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CapEx
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$0
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Management
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0.000%
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|
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Depreciation Details
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Land Value
|
15.000%
|
$31,916
|
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Property Type (C or R)
|
R
|
27.5
|
|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$219,154 |
$225,729 |
$232,501 |
$239,476 |
$246,660 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,383 |
$6,575 |
$6,772 |
$6,975 |
$7,184 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,848 |
$1,903 |
$1,961 |
$2,019 |
$2,080 |
| Monthly Other Income Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Monthly Gross Potential Income |
$1,848 |
$1,903 |
$1,961 |
$2,019 |
$2,080 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$55 |
$57 |
$59 |
$61 |
$62 |
| Monthly Gross Operating Income |
$1,793 |
$1,846 |
$1,902 |
$1,959 |
$2,018 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,176 |
$22,841 |
$23,527 |
$24,232 |
$24,959 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,176 |
$22,841 |
$23,527 |
$24,232 |
$24,959 |
| Annual Vacancy Dollar |
$665 |
$685 |
$706 |
$727 |
$749 |
| Annual Gross Operating Income |
$21,511 |
$22,156 |
$22,821 |
$23,505 |
$24,211 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.241% |
1.241% |
1.241% |
1.241% |
1.241% |
| Property Taxes Dollar |
$2,640 |
$2,720 |
$2,801 |
$2,885 |
$2,972 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,030 |
$1,061 |
$1,093 |
$1,125 |
$1,159 |
| HOA Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| HOA Dues Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Utilities Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Utilities Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Other Expense 1 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Other Expense 1 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Other Expense 2 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Other Expense 2 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Maintenance Percent |
10.000% |
10.000% |
10.000% |
10.000% |
10.000% |
| Maintenance Dollar |
$2,151 |
$2,216 |
$2,282 |
$2,351 |
$2,421 |
| CapEx Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| CapEx Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Property Management Percent |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
| Property Management Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Operating Expenses |
$5,821 |
$5,996 |
$6,176 |
$6,361 |
$6,552 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,689 |
$16,160 |
$16,645 |
$17,144 |
$17,658 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,331 |
$15,331 |
$15,331 |
$15,331 |
$15,331 |
| Principal |
$2,259 |
$2,411 |
$2,572 |
$2,744 |
$2,928 |
| Interest |
$13,072 |
$12,921 |
$12,759 |
$12,587 |
$12,403 |
| Loan Balance at End of Year |
$199,873 |
$197,463 |
$194,891 |
$192,146 |
$189,218 |
| Loan-To-Value |
91.202% |
87.478% |
83.824% |
80.236% |
76.712% |
| Private Mortgage Insurance (PMI) Rate |
0.850% |
0.850% |
0.850% |
0.850% |
|
| Private Mortgage Insurance Dollar |
$1,718 |
$1,718 |
$1,718 |
$1,718 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$19,281 |
$28,266 |
$37,610 |
$47,329 |
$57,441 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,360 |
-$889 |
-$405 |
$95 |
$2,327 |
| Monhtly Cash Flow |
-$113 |
-$74 |
-$34 |
$8 |
$194 |
| Cash on Cash Return on Investment |
-0.089% |
-0.058% |
-0.027% |
0.006% |
0.153% |
| Cap Rate |
|
|
|
|
|
| DSCR |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |
| Cumulative Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |